CoreCivic, one of the biggest private prison companies in the United States, posted a 103.4% increase in net income in Q2.
The two largest private prison companies are cashing in as the Trump administration scales up its detention and deportation operations.
They don’t expect the funds to stop flowing anytime soon.
GEO Group founder George Zoley said the company was prepared for “unprecedented growth opportunities” during its second-quarter earnings call Wednesday, and CoreCivic CEO Damon Hininger described the current moment as “unprecedented” during the company’s earnings call Thursday.
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